FPT, a leading technology corporation in Vietnam, has acquired majority stake in local SaaS company Base.vn.
The details of the transaction remain undisclosed.
As per a press note, this cooperation will enable the two sides to promote the comprehensive digital transformation ecosystem for 800,000 enterprises.
Pham Kim Hung, founder and CEO of Base.vn, said: “Base.vn has been solving three big issues of businesses, including productivity enhancement management, information transparency, human resources management and development.”
“We plan to develop other major solutions such as financial management, customer management and business development on one unified platform. The cooperation with FPT, a leading technology company with a wealth of experience and human resource, will help Base to save at least 10 years to become a comprehensive digital transformation ecosystem for the world’s leading business,” he added.
Base was founded in 2016 by Stanford University alumnus Hung. The company has developed over 20 apps that cover two verticals — human resources and productivity.
Its apps include job application tracking system Base E-Hiring, task and project management platform Base Wework, and internal request management platform Base Request.
As per the press release, the Base.vn platform easily integrates with FPT digital transformation solutions so that it will bring more than 100 digital conversion solutions on Base.vn itself.
Base.vn products also inherit the latest core technologies from FPT such as FPT.AI, blockchain, cloud, and digital signature to provide more effective solutions.
Thanks to a network of branches in 30 countries, FPT will also help Base compete fairly in the global market.
Established in 1988, FPT is an IT group operating in three core business areas: technology, telecommunications, and education. With a presence 26 countries over the world, the company claims to have a client base of 5,000 customers across a wide range of sizes and sectors.
“Over the past years, FPT has always been alongside large Vietnamese and global enterprises on the journey of digital transformation. FPT’s strategy is to build a comprehensive digital transformation platform for small and medium enterprises to be the number one in that market. Accompanying Base.vn is one of the shortest ways for FPT to achieve that goal,” said Nguyen Van Khoa, CEO of FPT.
Base.vn has previously raised US$1.3 million in a pre-Series A funding round, co-led by Alpha JWC Ventures and Beenext.
Image Credit: Base
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